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Remittance has been on the rise in recent years riding on an annual export of more than 7 lakh economic migrants since 2016 – in a development that has helped the government manage the economy smoothly.
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The government borrowed a staggering amount from banks last fiscal year mainly due to the ongoing economic crisis brought on by the coronavirus pandemic, a development that is poised for a macroeconomic imbalance in the country.
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When the majority of banks are struggling to survive from the ongoing financial meltdown brought on by the coronavirus pandemic, Dhaka Bank has introduced a novel banking product that will help clients open their account from home.
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State-run Sonali Bank has sought about Tk 10,000 crore as regulatory capital from the government in order to implement the BASEL III guidelines.
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Opportunism. That is what comes to mind when one hears of the move by the Bangladesh Association of Banks (BAB), an organisation of sponsors of private banks, to usher in salary cuts for their staffs.
